KB Financial Group
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Company type | Public |
| KRX: 105560 NYSE: KB (ADR) | |
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| Headquarters | , South Korea |
Key people | Yoon Jong-kyoo (chairman & CEO) |
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| Subsidiaries | Kookmin Bank KB Life Insurance |
| Website | www.kbfg.com |
| Footnotes / references [1] | |
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KB Financial Group Inc (Korean: Script error: No such module "Lang".; RR: Script error: No such module "lang".) is a finance holding company headquartered in Seoul, South Korea. The Group and its subsidiaries provide a broad range of banking and financial services. It is one of the domestic systemically important banks (D-SIBs) identified by the Financial Services Commission.[2]
History
KB Financial Group was established through the restructuring of Kookmin Bank into a holding company in September 2008. Kookmin Bank launched a financial holding firm to boost non-banking operations such as brokerage, insurance, and consumer finance.[3][4] After its establishment, KB acquired non-banking financial services companies, including LIG Insurance, Hyundai Securities, Prudential Life Korea, etc.
In 2015, KB acquired LIG Insurance, South Korea's fourth-largest non-life insurance company with assets totaling 24 trillion won, from LIG Group and changed its name to KB Insurance.[5][6] KB also took over Hyundai Securities from Hyundai Group after beating Korea Investment and Hong Kong–based private equity firm Actis in 2016.[7] KB has merged its existing stock brokerage firm KB Investment & Securities with Hyundai Securities and renamed it as KB Securities. In 2020, KB reinforced its life insurance business by acquiring a 100% stake in Prudential Financial Inc's South Korean unit for 2.3 trillion won.[8][1]
In 2021, KB Financial Group bought a majority stake in the Indonesia-based Bank Bukopin and changed its name to KB Bukopin.[9]
For the year 2025, South Korea’s four largest financial holding companies (KB Financial Group, Shinhan Financial Group, Hana Financial Group, and Woori Financial Group) reported a combined nearly 18 trillion won ($12.6 billion) in net profit. Specifically, KB posted the strongest growth, with net profit rising 15.1% to 5.84 trillion won.[10]
In February 2026, it was announced that KB had broken above value for the first time. This milestone fueled expectations of a broader re-rating across domestic financial holding firms long viewed as chronically undervalued.[11]
Operations
There are 13 subsidiaries under KB Financial Group, including Kookmin Bank, KB Securities, KB Insurance, KB Kookmin Card, Prudential Life Insurance Korea, KB Asset Management, KB Capital, KB Life Insurance, KB Real Estate Trust, KB Savings Bank, KB Investment, KB Data Systems, and KB Credit Information
See also
References
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- ^ a b Page Module:Citation/CS1/styles.css has no content."Audit Report of KB Financial Group Inc. for Fiscal Year 2020". U.S. Securities and Exchange Commission. March 9, 2021.
- ^ Page Module:Citation/CS1/styles.css has no content."FSC Identifies D-SIBs for 2021". Financial Services Commission. June 24, 2020.
- ^ Page Module:Citation/CS1/styles.css has no content."Kookmin shares to be suspended in Sept for holding co". Reuters. April 30, 2008.
- ^ Page Module:Citation/CS1/styles.css has no content."Kookmin Bank plans block sale of stake in parent - report". Reuters. April 6, 2011.
- ^ Page Module:Citation/CS1/styles.css has no content."KB Financial finalizes LIG Insurance acquisition price". Maeil Business Newspaper. March 25, 2015.
- ^ Page Module:Citation/CS1/styles.css has no content."KB Financial to wrap up LIG takeover next week". The Korea Herald. Jun 19, 2015.
- ^ Page Module:Citation/CS1/styles.css has no content.Choi, Kyongae (March 31, 2016). "KB picked as preferred bidder for Hyundai Securities". Yonhap. Seoul.
- ^ Page Module:Citation/CS1/styles.css has no content."KB Financial Group acquires Prudential's South Korean unit for $1.89 billion". Reuters. April 10, 2020.
- ^ Page Module:Citation/CS1/styles.css has no content."KB Bukopin Siap Menjadi Bintang Finansial Indonesia". Bank Bukopin (in Bahasa Indonesia). 23 February 2021. Archived from the original on 11 March 2023. Retrieved 11 March 2023.
- ^ Page Module:Citation/CS1/styles.css has no content.Kim, Jin-Seong; Jang, Hyun-Ju; Jeong, Eui-Jin (2026-02-06). "Korea's big 4 financial groups post record $12.3 bn profit as fees surge". The Korea Economic Daily. Retrieved 2026-04-14.
- ^ Page Module:Citation/CS1/styles.css has no content.Kim, Jin-Seong; Jo, Mi-Hyun; Ryu, Eunhyeok (2026-02-11). "KB Financial breaks through book value for 1st time, signaling re-rating of Korea's bank holding groups". The Korea Economic Daily. Retrieved 2026-04-14.
External links
- Official website
- Business data for KB Financial Group (KRX: 105560): Page Template:Hlist/styles.css has no content.
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